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In general, if an increase of x percent is followed by a decrease of x percent, and the initial amount was p, the final amount is p (1 + 0.01 x)(1 − 0.01 x) = p (1 − (0.01 x) 2); hence the net change is an overall decrease by x percent of x percent (the square of the original percent change when expressed as a decimal number).
A simple fraction (also known as a common fraction or vulgar fraction, where vulgar is Latin for "common") is a rational number written as a / b or , where a and b are both integers. [9] As with other fractions, the denominator (b) cannot be zero. Examples include 1 2 , − 8 5 , −8 5 , and 8 −5 .
Decimal odds are favoured by betting exchanges because they are the easiest to work with for trading, as they reflect the inverse of the probability of an outcome. [13] For example, a quoted odds of 5.00 equals to a probability of 1 / 5.00, that is 0.20 or 20%. Decimal odds are also known as European odds, digital odds or continental odds. [9]
Every terminating decimal representation can be written as a decimal fraction, a fraction whose denominator is a power of 10 (e.g. 1.585 = 1585 / 1000 ); it may also be written as a ratio of the form k / 2 n ·5 m (e.g. 1.585 = 317 / 2 3 ·5 2 ).
An example of a fraction that cannot be represented by a decimal expression (with a finite number of digits) is 1 / 3 , 3 not being a power of 10. More generally, a decimal with n digits after the separator (a point or comma) represents the fraction with denominator 10 n , whose numerator is the integer obtained by removing the separator.
A finite regular continued fraction, where is a non-negative integer, is an integer, and is a positive integer, for . A continued fraction is a mathematical expression that can be writen as a fraction with a denominator that is a sum that contains another simple or continued fraction. Depending on whether this iteration terminates with a simple ...
Every decimal representation of a rational number can be converted to a fraction by converting it into a sum of the integer, non-repeating, and repeating parts and then converting that sum to a single fraction with a common denominator. For example, to convert. 8.123 {\textstyle \pm 8.123 {\overline {4567}}} to a fraction one notes the lemma:
where c 1 = 1 / a 1 , c 2 = a 1 / a 2 , c 3 = a 2 / a 1 a 3 , and in general c n + 1 = 1 / a n + 1 c n . Second, if none of the partial denominators b i are zero we can use a similar procedure to choose another sequence {d i} to make each partial denominator a 1:
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